Why were farmers experiencing underconsumption a full decade before?

WWI ended, large food markets disappeared.

Why was there no demand for all goods being produced?

People could not afford to buy goods.

The discount rate directly impacts

the amount of money moving through the economy

How did Congress contribute to the cause of the Great Depression?

They raised taxes of imported goods.

What was the Hawley -Smoot Tariff Act intended to do?

protect American business by raising tariffs higher

Which of the following best describes Black Tuesday?

Stock prices fell and the stock market crashed.

What was the main contributor to many banks failing.

People lost trust in the banks and tried to get their money.

studbud

TCI Lesson 30: The Causes of the Great Depression

15 termsStudBud Administration425 plays

8th grade review of the Great Depression

Flashcards15 cardsFPractice quizPHost liveL

Questions 15

Answers

1
Which was not a cause of the Great Depression?
stock speculation
foreign competition
overproduction
under consumption
2
Why were farmers experiencing underconsumption a full decade before?
WWI ended, large food markets disappeared.
Many Americans bought food from Europe
Higher prices for new agricultural technology
all of the above
3
Why was there no demand for all goods being produced?
People could not afford to buy goods.
Monopolies dominated the market and sold at high prices
Banks refused credit to people.
Companies outside the U.S. lowered prices.
4
The discount rate directly impacts
the tariff rates changed to foreign imports
all of the above
the amount of money moving through the economy
how evenly wealth is distributed.
5
A bull market is a period in which stock prices are
all of the above
rising
falling
constant
6
What key factor made borrowing money very easy in the 1920's?
high consumption
high interest rates
Low interest rates
low consumption
7
After WWI, who were the first to be impacted by the Great Depression?
Stock Brokers
Automobile industry
Farmers
Food Industry
8
How did Congress contribute to the cause of the Great Depression?
They gave high discount rates
They kept interest low to make borrowing easier
They raised taxes of imported goods.
They made policies that favored global trade.
9
What was the Hawley -Smoot Tariff Act intended to do?
increase the amount of money in circulation
make it easier to borrow money
protect American business by raising tariffs higher
for European countries to sell goods to America.
10
What was the main cause of the Great Depression?
The Ponzi Scheme
The Stock Market Crash
Fords Assembly line
World War I
11
What is the word when more products are being created than people can buy?
underproduction
overproduction
underconsumption
overconsumption
12
Which of these did the most to trigger a worldwide collapse in trade during the 1930's?
Hawley-Smoot Tariff Act
Black Tuesday
Dawes Plan
Dust Bowl
13
A warehouse of unsold Cadillacs is an example of ?
overproduction
underproduction
overconsumption
underconsumption
14
Which of the following best describes Black Tuesday?
Federal troops attacked the Bonus Army marchers
Stock prices fell and the stock market crashed.
Bank runs forced many banks to close.
The Supreme Court ruled NRA unconstitional.
15
What was the main contributor to many banks failing.
People no longer wanted to use credit to buy things.
People bought instead of saving
People did not take out loans due to high interest rates
People lost trust in the banks and tried to get their money.

TCI Lesson 30: The Causes of the Great Depression Flashcards | StudBud